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Protect Goa's natural beauty
Support Goa's first Tiger Reserve
Sign the petition at: http://www.goanet.org/petition/petition.php
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Ferdinando dos Reis Falcão wrote:
>
>COMMENT:
>According to statistics, more people in Goa die of Road traffic Accidents than
>any other single disease. There are deaths daily on Goa roads. So LIC should
>charge higher premium for all
>Road Users. In line with Dr. Salkar’s logic.
>
Shekhar Salkar is right. LIC should not divide the cost of premiums for smokers
with non-smokers. Life insurance companies in the rest of the world charge
higher premiums for smokers because of the higher risks of cancer, heart
disease, stroke, etc. in them. There is nothing wrong with Shekhar's logic.
Risk is always factored in the calculation of premium. Since everybody in Goa
is subject to the risk of death from road accidents, this risk would be equally
shared by everybody and reflected in the standard premium. Since everybody is
not a smoker, it is unfair for non-smokers to take on the higher risk and
consequent higher premium of smokers, especially since smoking is a willful act.
Cheers,
Santosh
